Early Update
1156 a.m. ET The November employment report got a positive reception rom the stock and bond markets. It was neither...
A.M. Update – Payrolls Beat, Wages Hot, Unemployment Rate Rises
S&P futures ae up +0.1% following Payrolls. Non-Farm Payrolls came in at 227k (consensus 220k). Wages rose 0.4% MoM in...
Daily Wrap
Today’s market activity was relatively subdued after yesterday’s. We did see some signs of weaker tone this afternoon (see the...
Afternoon Update
The averages are back to mixed/little changed. Semis’ decline from an earlier intraday near flag, has taken a toll on...
Gold Update – Brace For Lower Prices
253 p.m. ET Earlier today gold tested the up trend line and held as support. Since the Early Update, gold...
SOX Leg Lower
158 p.m. ET Semis (SOX -1.9%) is starting a second leg down from a bearish flag consolidation on an intraday basis...
Early Update -Mega Caps/Semis’ Relative Strength Fades
12:22 p.m. ET This morning’s tone has more of a low conviction, risk-off feel. Growth style factors (+0.3%) have a...
A.M. Update
S&P futures this morning are down -0.1%, while Dow futures are down -0.2%. Earnings news since yesterday’s close have garnered...
Daily Wrap – Crypto Breaking Out
Last night’s relative performance in Index futures gave a hint as to today’s market performance. Nasdaq-100 and the Dow had...
Afternoon Update
As noted this morning, there’s not a lot of movement in 3C on the day, at last as of yesterday’s...
Coinbase (COIN) Continues to Improve
3:09 p.m. ET Coin is up +6.8% now, coming close to testing the bullish ascending triangle’s upper trend line with...
Intraday Update – Powell, Beige Book, Mega Caps and Ethereum
2:55 p.m. ET The market is listening to Powell, but thus far it’s been more of a fireside chat than...
Early Update – Mega Caps Back To Leadership Ethereum Trading At $3800.
1244 p.m. ET There was some early index future volatility into the cash open. S&P is little changed from pre-market with...
A.M. Update
S&P futures are up +0.3%, bolstered by positive responses to earnings results from technology names like Salesforce (CRM), Marvell (MRVL),...
Daily Wrap – Geopolitical Tensions Blamed For a Lackluster Day in Markets… I Don’t Know About That.
There wasn’t a lot of conviction in the market today. Upside moves were driven largely by mega cap gains this...
Afternoon Update
This wasn’t the session I was expecting or hoping for. There’s simply no conviction, which makes you wonder following the...
Market Update – No Conviction or Bias
2:40 p.m. ET As index futures pointed the way in pre-market, they weren’t wrong with the averages mixed, but mostly...
A.M. Update
Equity futures are flattish, indicating a mixed start to the session. Treasuries are mixed. The 2-yr yield is down two...
Daily Wrap
At the sector and averages’ headline level, today was mixed with more than half of averages closing lower and a...
Afternoon Update – Growth Over Value
Ahead of the close, the SPX +0.25% is near session highs, benefitting from mega caps/semi relative strength. The Dow -0.3%...